World Bank to support Georgia's human capital development efforts
Georgia is among 20 countries in which the World Bank implements its initiative ‘Human Capital Project’. Photo: Nino Alavidze/Agenda.ge
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Georgian Prime Minister Mamuka Bakhtadze and the World Bank's Regional Director for the South Caucasus Sebastian Molineus spoke of “close cooperation” between the World Bank and the Government of Georgia at a meeting on the sidelines of the Batumi International Conference.
Sebastian Molineus said the World Bank will support the Georgian Government's efforts in human capital development to help the country transform into the regional leader, PM Bakhtadze’s press office reported.
At the meeting the two officials hailed investment projects carried out in Georgia with the financial support of the World Bank. They also emphasised the need to promote innovative projects and Georgia's "far-reaching" educational reform.
Georgia is among 20 countries in which the World Bank implements its initiative ‘Human Capital Project’– a global effort to accelerate more and better investments in people for greater equity and economic growth.
The World Bank forecasts 4.6% economic growth in Georgia in 2019, 4.8% in 2020 and 5% in 2021, shows the Europe and Central Asia Economic Update of the World Bank.
The World Bank will allocate €90 million for the Georgian education system.
Georgia is among 20 selected countries in which the World Bank will implement its new initiative ‘Human Capital Project’ – a global effort to accelerate more and better investments in people for greater equity and economic growth.
The World Bank Group Board of Executive Directors has endorsed the 2019-2022 Country Partnership Framework (CPF) for Georgia, which aims to support sustainable and inclusive growth and improve living standards in the country.
The Georgian government places great importance on transforming the country into a transport and logistics hub, Georgian PM Giorgi Gakharia stated at a meeting with World Bank Regional Director Sebastian Molineus.